Answer:
The correct answer is: cut spending equal to the reduction in tax revenue.
The correct answer is: The negative consequences of the recession are magnified.
Explanation:
Recession is likely to cause a reduction in the aggregate demand, consumer income, and spending will decrease as well. As a result, the tax revenue to the government will fall as well.
A balanced budget means that government expenditures should be equal to revenue. So if the government wants to have a balanced budget it needs to reduce its spending by the same amount as the reduction in the tax earnings.
This will lead to a reduction in the aggregate demand further magnifying the effects of the recession.
Answer:
has a comparative advantage in textiles.
Explanation:
Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.
If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.
Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.
Answer:
The answer is: NONE OF THE ABOVE, the souvenir cup is a type of supplemental feature.
Explanation:
The souvenir cup is a type of supplemental feature. It provides additional value to the core product. In this case the drink would be the core product and the cup would add value or attributes to it.
The cup is not part of a product line, nor it is the core product, it doesn't provide experiential benefits and is not a different product (brand extension).
Answer:
<em>In compliance with IRS 351, gain / loss must be acknowledged when the property is sold to the cooperative in order to gain control after the sale.
</em>
Solution (A)
In order to be eligible as a non-taxable trade UIS 351, Ted is attempting to meet the control criteria of section 351, Peggy must join Ted in the transaction. When the specifications are not met, Ted will be recognized as a gain by $80000 on the transfer.
Solution (B)
The legislation provides that stock granted for property whose value is comparatively small is not treated as issued in return for property compared with the value of stock already owned.
